Morgan Stanley Issues Positive Forecast for Plains All American Pipeline (NYSE:PAA) Stock Price

Plains All American Pipeline (NYSE:PAA - Get Free Report) had its target price boosted by Morgan Stanley from $19.00 to $23.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the pipeline company's stock. Morgan Stanley's target price would suggest a potential upside of 13.81% from the stock's current price.

A number of other equities analysts have also recently commented on the stock. Raymond James lifted their target price on shares of Plains All American Pipeline from $23.00 to $24.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, January 28th. Barclays lifted their price objective on Plains All American Pipeline from $18.00 to $19.00 and gave the stock an "underweight" rating in a report on Thursday, January 16th. Wells Fargo & Company cut Plains All American Pipeline from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $22.00 to $20.00 in a report on Wednesday, December 18th. Scotiabank decreased their price target on Plains All American Pipeline from $23.00 to $22.00 and set a "sector outperform" rating on the stock in a research note on Thursday, March 6th. Finally, Wolfe Research upgraded Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $20.23.

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Plains All American Pipeline Price Performance

Shares of PAA stock traded up $0.12 during trading hours on Tuesday, hitting $20.21. 1,813,196 shares of the company's stock were exchanged, compared to its average volume of 3,073,209. The company has a market capitalization of $14.22 billion, a PE ratio of 27.68 and a beta of 1.62. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. Plains All American Pipeline has a 12-month low of $16.21 and a 12-month high of $21.00. The business's 50 day simple moving average is $20.00 and its 200-day simple moving average is $18.44.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in Plains All American Pipeline by 50.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 47,154 shares of the pipeline company's stock worth $805,000 after purchasing an additional 15,854 shares in the last quarter. Waverly Advisors LLC boosted its holdings in shares of Plains All American Pipeline by 2.5% during the 4th quarter. Waverly Advisors LLC now owns 51,565 shares of the pipeline company's stock valued at $881,000 after buying an additional 1,237 shares in the last quarter. Nuveen Asset Management LLC grew its position in shares of Plains All American Pipeline by 116.7% in the 4th quarter. Nuveen Asset Management LLC now owns 245,345 shares of the pipeline company's stock worth $4,190,000 after buying an additional 132,142 shares during the period. Morse Asset Management Inc increased its stake in shares of Plains All American Pipeline by 2.5% in the 4th quarter. Morse Asset Management Inc now owns 46,500 shares of the pipeline company's stock worth $794,000 after acquiring an additional 1,150 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Plains All American Pipeline by 8.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,297,594 shares of the pipeline company's stock valued at $261,283,000 after acquiring an additional 1,211,286 shares during the period. Institutional investors own 41.78% of the company's stock.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and on barges or railcars.